Cabinet agrees to pay 40% of the contractors Kirkuk dues

Views 20 Date 09/08/2016 - 19:24

BAGHDAD / Economy News ...

The Governor of Kirkuk, Najm al-Din Karim, for approval of the Cabinet on the payment of 40% of contractors to maintain entitlements, as he emphasized to continue the completion of vital projects.

Said Necmettin cream during an expanded meeting with the heads of service departments in the province that the province of Kirkuk, continuing the implementation of vital projects including Shiu Wall bridge projects and road Holi and health centers in addition to the 30 schools, "stressing that" the only financial income of Kirkuk today is to share petrodollar oil source across the Kurdistan region, which has not received his money from the province only 400 million since the beginning of the year 2016, from the federal government. "

He added cream, "After germane General Secretariat of the Council of Ministers and the Ministry of Planning and got approval to pay 40% of the dues Contractors amounting to 150 billion dinars at an interest rate of 5%, thus alleviating the suffering and the pressure they are subjected to and activates the movement of the market economy and to ensure the completion of projects."

The Kirkuk suffers an economic crisis because of lower oil prices and the lack of federal government pay their financial dues since mid-2013, as well as receiving more than 600 thousand displaced people, which led to the suspension of many projects.

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